going up perhaps, page-8

re: anouncement-where will it go monday Email: [email protected]
13 January 2006
ASX ANNOUNCEMENT
Berwyndale South #18 free flows the equivalent of
2.3 million cubic feet of gas per day
Queensland Gas Company Ltd (QGC) has recorded record gas flow rates from the most
recently completed development well at its Berwyndale South Gasfield. Berwyndale South #18
flowed at an equivalent of 2.3 million cubic feet of gas per day in the last hour of a three hour
test.
On continuous production, this rate is expected to stabilise initially in the range between 1.5
mmcfd and 2.0 mmcfd while cleaning-up; and after that we could expect a further increase in
gas flow rates typically experienced by coal seam gas wells.
Importantly, Berwyndale South #18 is free-flowing gas and will be completed as a free-flowing
production well using specially-designed equipment. Capital and operating costs for the well will
be substantially reduced as no pumping equipment is required.
Berwyndale South #18 is close to the earlier Berwyndale South Pilot wells and has had the
benefit of substantial water draw-down through earlier pumping. Increased gas production
rates can be expected in the other new wells as the water pumping on the Gasfield is stepped
up.
Further information on the performance of this and the other development wells will be provided
next week in a Status Report on the Berwyndale South development.
QGC holds a 90% interest in PL201 (Berwyndale South) in partnership with Sentient Gas
Australia Pty Ltd (10%).